Building Details

Building Size 7,000 SF

Year Built 2026

Buildings 1

Tenancy Single

Listing Agency: CP Partners

Listed By: Justin Stark · License #CalDRE #01856228 Show Phone

Source: Cppcre

Added: Oct 19 Last Checked: Oct 19 at 2:01PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CP Partners

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Investment Insights

Based on property information with market context.

Planned as a new 7,000-square-foot AutoZone on a freestanding 1.06-acre site, the property is subject to a 20-year absolute NNN ground lease with AutoZone Parts, Inc. Rent commencement is scheduled for October 2026, ahead of the store’s planned January 2027 opening. The lease includes 8% increases in years 11 and 16, followed by four 5-year renewal options, each with an 8% increase. AutoZone holds an investment-grade BBB credit rating.

The site is on Oracle Road in Catalina. A $33.9 million road project widened Oracle Road to six lanes and added raised medians, left-turn lanes, and traffic signal improvements. Nearby corridor retailers include Tractor Supply, Dollar General, and O’Reilly Auto Parts; Bashas’ anchors Golder Ranch Plaza at Oracle Road and Golder Ranch Drive. The source identifies Oro Valley Hospital and Roche Tissue Diagnostics among nearby employers, and notes that the nearest other AutoZone is south in Oro Valley.

Key Highlights

• New 7,000‑square‑foot AutoZone on a freestanding 1.06‑acre site
• 20‑year absolute NNN ground lease with AutoZone Parts, Inc.
• 8% rent increases in years 11 and 16; four 5‑year renewal options, each with an 8% increase

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,723

Cap Rate

5.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,374,460 $1.4M

Cap Rate 7%

$981,757 $981.8K

Cap Rate 9%

$763,589 $763.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,000 SF

Gross rent

$105.0K $15.00/SF

− Vacancy

−$6.8K −$0.98/SF

EGI

$98.2K $14.03/SF

− OpEx

−$29.5K −$4.21/SF

NOI

$68.7K $9.82/SF

Area

Pinal County, AZ

Vacancy

6.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,374,460

Cap Rate 7%

$981,757

Cap Rate 9%

$763,589

Alternative Uses

Best Use

Retail

$981.8K

$859.0K – $1.15M (±1% cap)

NOI $68,723 @ 7.0% cap · market cap 5.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.94M

$1.69M – $2.26M (±1% cap)

NOI $135,466 @ 7.0% cap · market cap 10.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Electrical Service Kitchen & Bath Showroom Bakery Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

175

Businesses Nearby

25k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 48% Dining 28% Home Improvements & Furnishings 24%

Dollar General Shops & Services

8,043 visits/mo 0.1 miles

Catalina Ace Hardware Home Improvements & Furnishings

6,064 visits/mo 0.3 miles

Dairy Queen Dining

3,930 visits/mo 0.4 miles

O'Reilly Auto Parts Shops & Services

3,243 visits/mo 0.1 miles

Arby's Dining

3,204 visits/mo 0.1 miles

Demographics for 85739, AZ

18,878

Population

9,858

Households

1.9

Avg Household Size

66

Median Age

42%

College-Educated

95%

High-School Grad

255.7 sq mi

ZIP Area

74

Density / Sq Mi

$84,863

Median Household Income

$39,220

Median Earnings

$1,648

Median Rent

$394,000

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

NNN property - A freestanding AutoZone store is scheduled to open in Catalina in January 2027.

Where is this nnn property located?

The property is located at 16411 N Oracle Road Catalina, AZ.

What is the asking price?

The asking price for this property is $1,290,323.

What are key features of this property?

This property features: New 7,000‑square‑foot AutoZone on a freestanding 1.06‑acre site; 20‑year absolute NNN ground lease with AutoZone Parts, Inc.; 8% rent increases in years 11 and 16; four 5‑year renewal options, each with an 8% increase